The main objective of incentive-based regulation is to deliver efficient and reliable electricity supply at an efficient cost and reasonable tariff for its people.
THE Malaysian electricity industry has seen only a small increase in price over the past few years and that too has been limited to the industrial or commercial sector.
The electricity price is based on a number of key factors such as usage or consumption (effects of climate change), demand and cost-to-serve. Yet the cost of electricity in Malaysia is still among the lowest in the world.
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